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Article: Leading Index Holds Steady in August, The Conference Board Reports; Stock Market Declines Canceled Out by Other Positive Indicators.
- Article from:
- PR Newswire
- Article date:
- September 30, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 30 /PRNewswire/ -- The Conference Board reports today that its Index of Leading Economic Indicators held steady in August.
"While the August data reflected in the leading index includes a sharp decline in stock prices, the overall economy remains healthy and a majority of the other nine leading indicators are positive," says Michael Boldin, Director of Business Cycle Research at The Conference Board. "The next release of the Index figures will show more negative effects from the stock market but this series alone is no threat to the long-running economic expansion.
With the Leading Index holding steady, the Conference Board reports that ...